US commissioner warns against focus on group capital

Julie Mix McPeak of the Tennessee department of commerce and insurance says international standard-setters would be unwise to ignore legal-entity level view in developing global capital standards


International standard-setters should be wary of “overreliance” on group capital measures that generate “misleading” views of capital adequacy, according to a top US state regulator.

Commissioner Julie Mix McPeak of the Tennessee department of commerce and insurance told delegates at Insurance Risk Europe that group-wide capital standards currently under development by the International Association of Insurance Supervisors (IAIS) should not override existing regulatory frameworks that prioritise

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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